Xu Jiayin, the billionaire chairman and founder of China Evergrande, a major developer that also aims to challenge Tesla in mainland China, made two public appearances in Hong Kong and Shenzhen recently, quashing rumours that his movement was restricted by Beijing.Xu, also known as Hui Ka Yan in Hong Kong, is China’s third richest man. There was speculation on Chinese social media that he had been banned from leaving the country.“Investors are quite sensitive to news about Evergrande, with…
Source : South China Morning Post
Read more…Xu Jiayin, chairman of cash-strapped developer Evergrande makes public appearances, quashing speculation he can’t move freely















